Markets rebound in early trade after two days of fall

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Markets rebound in early trade after two days of fall


Image used for representational function.
| Photo Credit: PTI

Equity benchmark indices rebounded in early trade on January 4 after falling in the previous two days amid shopping for in Bajaj Finance and Reliance Industries.

The 30-share BSE Sensex jumped 351.88 factors to 71,708.48 in early trade. The Nifty climbed 99 factors to 21,616.35.

Among the Sensex companies, Bajaj Finance, NTPC, Bajaj Finserv, Tata Motors, Power Grid, Infosys, Mahindra & Mahindra, Nestle, Titan and Reliance Industries have been the key winners.

HCL Tech, Tata Steel, Maruti and Bharti Airtel have been among the many laggards.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong have been quoting in the detrimental territory.

The US markets ended decrease on Wednesday.

Global oil benchmark Brent crude climbed 0.27 per cent to USD 78.46 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities value Rs 666.34 crore on Wednesday, in response to trade information.

The BSE benchmark fell by 535.88 factors or 0.75 per cent to settle at 71,356.60 on Wednesday. The Nifty slipped 148.45 factors or 0.69 per cent to 21,517.35.



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